Home completions 9.6% down y/y in Poland in first nine months of 2024

Builders in Poland completed 9.6 percent fewer homes in the first nine months of this year than in the same period in 2023, the country’s statistics office has reported.

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Around 145,400 housing units were completed nationwide between the start of January and the end of September, the state-run Statistics Poland (GUS) agency said on Monday.

According to the preliminary data, 145.4 thousand #dwellings were completed in the period of January-September 2024, i.e. by 9.6% less than in the corresponding period of 2023.https://t.co/S5L4sSdwN1#StatisticsPoland #statistics #ResidentialConstruction pic.twitter.com/yMXNg1V9UD

— Statistics Poland (@StatPoland) October 21, 2024

It added that the number of dwellings under construction, at around 837,000 as of the end of last month, was 3.2 percent higher than the year before.

Meanwhile, overall output in Poland’s construction-and-assembly sector fell by 9 percent in September in year-on-year terms, while increasing by 12 percent month on month, the state-run statistics agency also reported.

According to preliminary in September 2024 data construction and assembly production was by 9.0% lower than in September last year.https://t.co/NLCU0w03RE#statistics #construction #production pic.twitter.com/FS85HZAYLS

— Statistics Poland (@StatPoland) October 21, 2024

Builders completed around 220,400 new homes in Poland last year, a decrease of 7.6 percent from 2022, Statistics Poland said earlier this year in a preliminary estimate.

(gs)

Source: IAR, PAP, stat.gov.pl